Monarch Partners Asset Management LLC cut its stake in shares of Howard Hughes Corporation (The) (NYSE:HHC) by 15.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 156,101 shares of the financial services provider’s stock after selling 29,554 shares during the period. Howard Hughes Corporation (The) accounts for about 1.9% of Monarch Partners Asset Management LLC’s investment portfolio, making the stock its 4th largest position. Monarch Partners Asset Management LLC’s holdings in Howard Hughes Corporation (The) were worth $19,175,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Howard Hughes Corporation (The) by 5.6% in the first quarter. Vanguard Group Inc. now owns 2,777,784 shares of the financial services provider’s stock valued at $325,695,000 after buying an additional 146,116 shares during the last quarter. BlackRock Inc. increased its position in Howard Hughes Corporation (The) by 5,170.7% in the first quarter. BlackRock Inc. now owns 1,700,839 shares of the financial services provider’s stock valued at $199,423,000 after buying an additional 1,668,569 shares during the last quarter. Harris Associates L P increased its position in Howard Hughes Corporation (The) by 1.4% in the first quarter. Harris Associates L P now owns 1,580,163 shares of the financial services provider’s stock valued at $185,274,000 after buying an additional 21,665 shares during the last quarter. SG Americas Securities LLC purchased a new position in Howard Hughes Corporation (The) during the first quarter valued at $147,048,000. Finally, Principal Financial Group Inc. increased its position in Howard Hughes Corporation (The) by 0.9% in the first quarter. Principal Financial Group Inc. now owns 1,038,227 shares of the financial services provider’s stock valued at $121,731,000 after buying an additional 9,462 shares during the last quarter. 86.12% of the stock is owned by hedge funds and other institutional investors.

Shares of Howard Hughes Corporation (NYSE HHC) opened at 120.85 on Friday. The firm has a market cap of $5.18 billion, a PE ratio of 86.20 and a beta of 1.42. The firm’s 50-day moving average price is $122.83 and its 200-day moving average price is $120.39. Howard Hughes Corporation has a one year low of $101.20 and a one year high of $131.39.

Howard Hughes Corporation (The) (NYSE:HHC) last posted its quarterly earnings results on Monday, August 7th. The financial services provider reported $0.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.87 by $0.80. The company had revenue of $308.60 million during the quarter, compared to the consensus estimate of $217.47 million. Howard Hughes Corporation (The) had a net margin of 5.69% and a return on equity of 4.80%. Howard Hughes Corporation (The)’s quarterly revenue was up 12.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.16 EPS. Equities research analysts expect that Howard Hughes Corporation will post $2.87 earnings per share for the current fiscal year.

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HHC has been the subject of several research analyst reports. BidaskClub downgraded Howard Hughes Corporation (The) from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. BWS Financial initiated coverage on Howard Hughes Corporation (The) in a research note on Thursday, June 8th. They issued a “buy” rating and a $150.00 price objective for the company.

In other Howard Hughes Corporation (The) news, EVP Christopher John Curry sold 30,000 shares of the company’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $126.62, for a total value of $3,798,600.00. Following the transaction, the executive vice president now owns 42,935 shares of the company’s stock, valued at $5,436,429.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 20.70% of the stock is currently owned by corporate insiders.

Howard Hughes Corporation (The) Company Profile

The Howard Hughes Corporation is a developer of master planned communities and mixed use properties. The Company is engaged in the ownership, management and the redevelopment or repositioning of real estate assets, as well as other real estate opportunities in the form of entitled and unentitled land and other development rights, also called Strategic Developments.

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Institutional Ownership by Quarter for Howard Hughes Corporation (The) (NYSE:HHC)

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